Corona Kavach Policy: Insurance companies have started issuing Corona Kavach policy once with increased premium. Earlier, due to low premium and high claims, companies did not have any special interest in it.
Corona Kavach Policy: Due to the fears related to the third wave of Corona, the demand for taking Kovid’s special insurance policy Corona Kavach has increased, but for some time they were not able to take online corona insurance policy. If you have also tried unsuccessfully to take online Corona Kavach policy, then once again check the website of these insurance companies.
Insurance Demand increased in the second wave of Corona
Insurance companies are issuing Corona Kavach policy from once, but this time you may have to pay more premium than before. In fact, during the second wave of Corona, a lot of Corona related claims were coming to these insurance companies, after which the companies stopped renewing the special policy Corona Kavach.
Companies were unhappy with low premium and high claim
In view of the increasing complaints of customers, the country’s insurance regulator company IRDAI ordered the companies to continue the issue and renewal of Corona Kavach policy till 30 September 2021. Despite this, companies were not taking much interest in selling the Corona Kavach policy due to the low premium and the increasing demand for claims. Some companies had stopped selling this policy from their online platform.
Now these companies are once again offering Corona Kavach Policy. According to the news received from the sources, they have got approval to sell the Corona Kavach policy with increased premium. Along with this, companies can also revise the premium if it is more than one year. With these increased premiums, you can easily take a Corona Kavach policy.
What is Corona Kavach Policy
Anyone between the age of 18 years to 65 years can take the Corona Kavach Policy. This cover comes for three and a half months, six and a half months and nine and a half months, in which insurance of 50 thousand to 5 lakh rupees is available in the basic cover. In this apart from hospital expenses, expenses incurred during 14 days home quarantine are also covered. Generally, all insurance companies offer the same Corona Kavach policy. Its premium is less than other health insurance policies.
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